George Soros, a well-known billionaire, founder of Open Society Foundation, is an extraordinary philanthropist. He has been generous towards many philanthropic endeavors, and has made many large donations to political causes. However, to understand George Soros’ passion, it is necessary to know some of his personal history.
George Soros grew up in Budapest during the Nazi occupation. He saw first hand the ill treatment of those under the Nazi rule in his hometown. In 1947 George Soros immigrated to England and enrolled as a student at the London School of Economics. By 1951 George Soros earned his Bachelor’s Degree in Philosophy, and by 1954 Soros earned a Master of Science.
In 1970 George Soros became founder and chairman of Soros Fund Management. After several years and a name change to the Quantum Fund, the worth of the company went from $12 million to $400 million by 1981. After a financial dip to around $200 million, the company rebounded, and by 2013 the fund grew to $5.5 billion. This success earmarked the project as the most successful hedge fund in history.
During his successfully growth, George Soros had several achievements that increased his popularity. In 1992, George Soros earned the title as the “man who broke the Bank of England” when he pushed the United Kingdom currency was devalued due to Soros’ aggressively trading.
George Soros also has interest in the political workings of the country. The New York Times reports that he was one of the biggest donors to Democratic Party, including that of Hillary Clinton in the last election cycle. It is also reported that George Soros gave millions of dollars to other Democratic causes and candidates.
However, after growing up in Hungary during the Nazi occupation and in a closed society, George Soros’ main passion would compel him to found the Open Society Foundation in Hungary in 1984. The Open Society Foundations mission is to influence governments to be open to the participation of all people. They also strive to help shape public policies that promote equality and protect fundamental rights.
George Soros has funded the Open Society Foundation for decades, the goal always being to work in every part of the world, especially on behalf of marginalized countries, to protect the rights of people and help to improve their lives. It is reported that George has generously given $800 to $900 million to fund the foundation per year over the past several years. In his essay, “The Capitalist Threat”, first published in The Atlantic, George Soros states that there is a need for organizations that promote peaceful living between different people. The Open Society Foundation would seem to be a significant step in that direction.
Growing up under the hand of the Nazi gave George Soros a first-hand experience of how the fundamental rights and dignity of humans can be betrayed. By founding and investing in the Open Society Foundation, he is making it possible to achieve his philanthropic goal of peace.
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